The Green Revolution

Are banks sacrificing profits for activists' principles?

Adopting environmentally and socially responsible banking practices is the PC thing to do these days.

Banks say doing the right thing is a delicate balance.

Activists' aggressive tactics are forcing banks to adopt policies.


In 2005 PMorgan Chase became the third U.S. bank to adopt the benchmark Equator Principles (EP) for project finance; it also promised to create policies to promote sustainable forestry and protect indigenous people's rights and to cut its own-and its clients'-carbon-dioxide emissions.

Moreover, the bank extended the EP to include all loans, debt and equity underwriting, financial advisories and project-linked derivative transactions.

This makes JPMorgan Chase one of the most environmentally progressive banks on the planet.

Read the entire article here:
U. S. Banker | The Green Revolution

In 1997 Bertrand Piccard and his partner Brian Jones achieved the last great aviation feat of the 20th century: the first non-stop round the world balloon flight.

Piccard and his team are now taking on a spectacular human and technological challenge with a new team:

Around the world with a
solar airplane.

Read all about it:

Solar Impulse - the official website

Popular Mechanics: Bertrand Piccard's Solar-Powered Circumnavigation - Sept. 2005 Cover Story


Found this in the local Marin Independent Journal today:

Local lawmaker urges clemency
Joe Nation seeks clemency, moratorium on death penalty
Richard Halstead

Stanley Tookie Williams, founder of the notorious Crips street gang, is scheduled to be executed at San Quentin State Prison at 12:01 a.m. Tuesday for murdering a 7-Eleven clerk and a family of three during the commission of separate robberies in 1979.

Assemblyman Joe Nation, D-San Rafael, has asked Gov. Arnold Schwarzenegger to grant clemency to Stanley Tookie Williams and commute his death sentence to life in prison without the possibility of parole.

In his letter, Nation urged Schwarzenegger to, at the very least, impose a moratorium on executions until the commission presents its findings. The commission expects to complete its work by the end of 2007.

Nation also appealed to Schwarzenegger's stated desire to cut wasteful government spending. According to estimates by Attorney General Bill Lockyer, it costs the state $12.5 million to execute a murderer and just $1.5 million to imprison them for life.

Read the entire article here

This isn't the real America

By Jimmy Carter

JIMMY CARTER was the 39th president of the United States. His newest book is "Our Endangered Values: America's Moral Crisis," published this month by Simon & Schuster.

November 14, 2005

IN RECENT YEARS, I have become increasingly concerned by a host of radical government policies that now threaten many basic principles espoused by all previous administrations, Democratic and Republican.

These include the rudimentary American commitment to peace, economic and social justice, civil liberties, our environment and human rights.

Also endangered are our historic commitments to providing citizens with truthful information, treating dissenting voices and beliefs with respect, state and local autonomy and fiscal responsibility.

At the same time, our political leaders have declared independence from the restraints of international organizations and have disavowed long-standing global agreements - including agreements on nuclear arms, control of biological weapons and the international system of justice.

Instead of our tradition of espousing peace as a national priority unless our security is directly threatened, we have proclaimed a policy of "preemptive war," an unabridged right to attack other nations unilaterally to change an unsavory regime or for other purposes. When there are serious differences with other nations, we brand them as international pariahs and refuse to permit direct discussions to resolve disputes.

Regardless of the costs, there are determined efforts by top U.S. leaders to exert American imperial dominance throughout the world.

These revolutionary policies have been orchestrated by those who believe that our nation's tremendous power and influence should not be internationally constrained. Even with our troops involved in combat and America facing the threat of additional terrorist attacks, our declaration of "You are either with us or against us!" has replaced the forming of alliances based on a clear comprehension of mutual interests, including the threat of terrorism.

Another disturbing realization is that, unlike during other times of national crisis, the burden of conflict is now concentrated exclusively on the few heroic men and women sent back repeatedly to fight in the quagmire of Iraq. The rest of our nation has not been asked to make any sacrifice, and every effort has been made to conceal or minimize public awareness of casualties.

Instead of cherishing our role as the great champion of human rights, we now find civil liberties and personal privacy grossly violated under some extreme provisions of the Patriot Act.

Of even greater concern is that the U.S. has repudiated the Geneva accords and espoused the use of torture in Iraq, Afghanistan and Guantanamo Bay, and secretly through proxy regimes elsewhere with the so-called extraordinary rendition program. It is embarrassing to see the president and vice president insisting that the CIA should be free to perpetrate "cruel, inhumane or degrading treatment or punishment" on people in U.S. custody.

Instead of reducing America's reliance on nuclear weapons and their further proliferation, we have insisted on our right (and that of others) to retain our arsenals, expand them, and therefore abrogate or derogate almost all nuclear arms control agreements negotiated during the last 50 years. We have now become a prime culprit in global nuclear proliferation. America also has abandoned the prohibition of "first use" of nuclear weapons against nonnuclear nations, and is contemplating the previously condemned deployment of weapons in space.

Protection of the environment has fallen by the wayside because of government subservience to political pressure from the oil industry and other powerful lobbying groups. The last five years have brought continued lowering of pollution standards at home and almost universal condemnation of our nation's global environmental policies.

Our government has abandoned fiscal responsibility by unprecedented favors to the rich, while neglecting America's working families. Members of Congress have increased their own pay by $30,000 per year since freezing the minimum wage at $5.15 per hour (the lowest among industrialized nations).

I am extremely concerned by a fundamentalist shift in many houses of worship and in government, as church and state have become increasingly intertwined in ways previously thought unimaginable.

As the world's only superpower, America should be seen as the unswerving champion of peace, freedom and human rights. Our country should be the focal point around which other nations can gather to combat threats to international security and to enhance the quality of our common environment. We should be in the forefront of providing human assistance to people in need.

It is time for the deep and disturbing political divisions within our country to be substantially healed, with Americans united in a common commitment to revive and nourish the historic political and moral values that we have espoused during the last 230 years.

Source: LA Times, November 14, 2005